SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s leading carmaker Hyundai Motor Co. said Tuesday it has reentered the Japanese passenger vehicle market for the first time in 12 years, but this time with an online-only sales platform and all-electric models. Hyundai advanced into Japan in 2001 but pulled out of the neighboring market in [...]
SEOUL, Feb. 8 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp., the South Korean carmakers that have been leading India’s automobile market, now face a movement for an online boycott after being embroiled in a territorial dispute. Several local netizens are calling on boycotting the two carmakers on Twitter and other social [...]
SEOUL, Feb. 7 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Monday it will launch six electric vehicles in China by 2027 as it aims to gain a share in the Chinese EV market. Kia plans to launch the EV6 all-electric sedan in the world’s biggest automobile market next year, the [...]
SEOUL, Feb. 7 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 22 percent in January from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Monday. The number of newly registered foreign vehicles fell to 17,361 units last month from 22,321 units a year ago, the [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s antitrust regulator said Sunday it has decided to fine Mercedes-Benz 20.2 billion won (US$16.87 million) for falsified information on gas emissions of its diesel cars and ordered it to take corrective actions. Mercedes-Benz was found to have tampered with pollution mitigation devices by installing illegal software in [...]
SEOUL, Feb. 4 (Korea Bizwire) — Genesis, the luxury brand of Hyundai Motor Co., said Thursday that it had opened electric vehicle (EV) charging stations in metropolitan areas and launched a wireless charging service on a trial basis. A total of five charging stations will be set up, including two each at the Genesis exhibition [...]
SEOUL, Feb. 3 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Thursday it will launch its first all-electric SUV model in the domestic market. In the past three weeks, SsangYong Motor received 3,500 units of the Korando e-Motion subcompact SUV in preorders, with the new [...]
SEOUL, Feb. 3 (Korea Bizwire) — The share of recreational vehicles (RVs) including SUVs in the domestic car market topped the 50 percent mark last year for the first time. According to the data by CarIsYou Data Research Center, 1,494,070 cars were sold in the domestic market last year, of which RVs accounted for 808,639 [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States rose 3.1 percent last month from a year earlier on strong demand for their SUV models. Hyundai, Hyundai’s independent Genesis brand, and Hyundai’s affiliate Kia sold a total of 93,998 vehicles in [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday they sold more than 100,000 units of electric vehicles equipped with their own EV platform since April in global markets. Last year, Hyundai Motor launched the Hyundai IONIQ5 and the GV60 SUV under its independent Genesis brand, while Kia [...]